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Analysis: Evolving cyber-hacker tactics complicate threats for insurers
Reports show that the combined use of supply chain exploitation and data exfiltration is causing double-digit million-dollar losses for cyber insurers.
Abbie Day
,
31 October 2023
Q3 early view: Cloudy with a chance of specialty sunshine
Strong pricing and stable loss costs yield solid results for the early reporters, but social inflation could turn the tables during the course of this earnings season.
Amit Kumar, Maria Lamberton, Husain Rupawala
,
25 October 2023
Arch Capital CoR improves 19.4 points to 77.9% amid sharply lower cats
The reinsurance segment reported a 39.7-point improvement in its CoR to 80% in Q3 2023, along with 30.4% top-line growth to $2.1bn.
Kyoung-son Song
,
30 October 2023
Allen-led Lloyd’s vehicle aims to raise up to £300mn in mid-November listing
With plans to support three different types of Lloyd’s syndicates, the vehicle intends to trade under the new name London Innovation Underwriters by 15 November.
Fiona Robertson
,
30 October 2023
US Trustee requests Chapter 7 liquidation for Vesttoo
In a motion filed Friday, the trustee requested to convert Vesttoo’s Chapter 11 case to Chapter 7 so that “an independent fiduciary can wind down the debtor’s affairs and avoid significant administrative costs”.
Kyoung-son Song
,
30 October 2023
Hurricane Otis to reach multibillion dollar loss for Mexican insurers: Gallagher Re
The economic losses from the event are expected to exceed $10bn, the report added.
Kyoung-son Song
,
30 October 2023
Start-up MGA Alchemy lures Brit’s Valentine for energy push
The class underwriter has spent more than two decades with Brit.
Rachel Dalton
,
30 October 2023
Contingency market watches for spillover from Israel war after Bruno Mars cancellation
A cancelled Bruno Mars concert in Tel Aviv is among the losses to hit the segment.
Samuel Casey
,
30 October 2023
Former AIG CFO Fitzsimons dies
The executive left the company in June following a period of medical leave.
Rachel Dalton
,
30 October 2023
Helvetia secures permission to write UK non-life business
The move will allow the Swiss carrier to continue writing UK specialty lines business beyond post-Brexit deadlines.
Rachel Dalton
,
30 October 2023
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